Intervest Bancshares Corp. (IBCA), Monday, reported a higher profit for the first quarter.
The New York-based company reported first-quarter net profit available to common stockholders of $2.81 million or $0.13 per share, compared to $1.73 million or $0.08 per share last year.
Net interest and dividend income for the quarter dropped to $9.96 million from $10.35 million in the prior-year quarter.
In the quarter, non-interest income rose to $1.13 million from $323 thousands last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.